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346 West 52nd Street

Ariel Family Leases Retail Space To Zama Omakase At 346 West 52nd Street In Midtown West
LEASEDRetail

Ariel Family Leases Retail Space To Zama Omakase At 346 West 52nd Street In Midtown West

346 West 52nd Street

$141

$141/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Sep 30, 2025

AI

The property involved in this transaction is a retail space located at 346 West 52nd Street, situated in the Midtown West market. The lease type is a retail lease, with an asking rent of $141 per square foot for a total area of 1,000 square feet.

Summary of transaction details:

This deal involved notable representatives from both sides, with Tyler Zar, Adam Lavian, and Tanner Zar representing the tenant Zama Omakase through Titan Group New York. The landlord, Ariel Family, was represented by Nolan Weinberg and Jeff Geoghegan from KSR. A note from the tenant's representative emphasizes a positive working relationship with KSR and remarks on the potential impact of the new omakase operator on the property and surrounding area.

Players

Jeff Geoghegan

Kassin Sabbagh Realty

Broker

27 deals

Broker
Titan Group New York
Titan Group New YorkBrokerage

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

112503.55%

Cash-on-Cash

-32153.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93